Students view a video and answer questions about Gross Domestic Product (GDP). Graphs of real GDP per capita are used to demonstrate that the same set of data can be shown in different ways. Students are introduced to the concept of misleading graphs and complete an activity to identify misleading aspects of graphs. Working in groups students support a given headline statement by manipulating a graph using an interactive tool. This will teach scale, origin, and units on a graph along with what makes a graph misleading. The lesson assumes students are able to calculate rate of change.
In this lesson, students explore the revised estimate of real GDP data for the third quarter of 2014. These data, released by the Bureau of Economic Analysis, are presented first as estimates, then as revisions as more data for the time period is collected. This lesson uses data from the revised estimate of the 3Q 2014 activity. Students will understand the recent trends in real GDP, as well as gain insight into the purpose and role of seasonal adjustments in GDP reporting. They will also analyze broader patterns of GDP growth to make more accurate judgments about the true state of the economy's health.
This lesson uses the latest employment and unemployment data release by the U.S. Department of Labor, Bureau of Labor Statistics, for the month of February, 2015, reported March 6, 2015. The lesson focuses on different ways of measuring the demand for labor and how the demand for labor affects the average hourly wage rate, one of the measures used by the Federal Reserve to gauge the health of the labor market.
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Focus: Understanding Economics in U.S. History uses a unique mystery-solving approach to teach U.S. economic history to your high school students.
9 out of 40 lessons from this publication relate to this EconEdLink lesson.
Teaching Financial Crises is an eight lesson resource that provides an organizing framework in which to contextualize all of the media attention that has been paid to the recent financial crisis, as well as put it in a historical context. The current events stories, opinion pieces, and other popular media pieces that are today in great supply have generally not connected to educational objectives, historical analysis, and economic processes and concepts that are used in the high school classroom. In Teaching Financial Crises, teachers will find a non-partisan and non-ideological resource to help them simplify and offer balanced perspectives on this challenging subject matter.
5 out of 9 lessons from this publication relate to this EconEdLink lesson.
This publication contains complete instructions for teaching the lessons in Capstone. When combined with a textbook, Capstone provides activities for a complete high school economics course. 45 exemplary lessons help students learn to apply economic reasoning to a wide range of real-world subjects.
5 out of 45 lessons from this publication relate to this EconEdLink lesson.